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Hong Kong promises captive-friendly legislation

Asia-Pacific, China04-03-2013

Hong Kong financial secretary, John Tsang Chun-wah announced that his office will seek to establish an independent insurance authority and pass more captive-friendly tax legislation.

Interpretation of the NRRA will likely be unpredictable

North America01-03-2013

Anderson Kill & Olick released a whitepaper arguing that the NRRA was probably not intended to apply to captives— but that might not matter when it comes to enforcing the legislation.

Gunther Saacke appointed CEO of Q-Re

Asia-Pacific, Bermuda, Cayman and Caribbean28-02-2013

Gunther Saacke has been appointed Q-Re’s new CEO. Q-Re, a subsidiary of the Qatar Insurance Company (QIC), is hoped to become one the world’s top multi-line reinsurers under Saacke’s lead.

Micronesia-domiciled Marble Re assigned strong rating


Marble Re, a single parent captive of Japan’s Marubeni Corporation domiciled in Micronesia, has been assigned a financial strength rating of A- (Excellent) and issuer credit rating of “a-” by AM Best. The outlook assigned to both ratings is stable.

Willis deputy chairman to step down

North America26-02-2013

Willis Group has announced that its deputy chairman, Martin Sullivan will be leaving the firm in May to pursue other interests.

Farmer appointment confirmed by South Carolina senate

North America25-02-2013

Raymond Farmer’s appointment as director of the South Carolina Department of Insurance has been confirmed by the state’s senate.

AM Best: AT&T captive benefits from corporate strategy

North America22-02-2013

AM Best affirmed their rating of Vermont-domiciled Gateway Rivers Insurance Company, which provides insurance coverage to subsidiaries of AT&T.

KPMG calls for clarity over Solvency II roadmap


Ongoing uncertainty regarding the deadline and implementation of Solvency II are creating regulatory fatigue among European re/insurers, says KPMG in a new report.

EIOPA: Solvency II guidelines imminent


Gabriel Bernardino of EIOPA has promised to deliver a set of Solvency II implementation guidelines for consultation in the spring and due to be tabled at the EIOPA board of supervisors by autumn.

BASF subsidiary redomiciles from Vermont to New Jersey

North America19-02-2013

Lumerica Insurance Company, a subsidiary of BASF Americas Corporation, has begun operations in New Jersey where it has redomiciled from Vermont.

Showing 1841 to 1850 of 1910 results

Captive International